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Updated 10 months ago,
Considering a Refi and Sale of a Flip
I picked up a house in Sep. for 577k with an ARV of 800-810k.
I took hard money, note of 522k.
Paid for the down and renovations out of my pocket ~57k+130k.
Selling will make a little money, but it’s not a ton. The house is great, great location and we remodeled it a little nicer than we originally planned given the strength of the location.
We’re considering refinancing instead and putting renters in for at least a year.
I’ve talked to a couple mortgage folks and haven’t gotten any great options yet.
Anyone doing 80-90% cash out on investment properties? Maybe even IO products?
Thoughts / Suggestions?